Amends TCA Title 2; Title 4; Title 9; Title 12; Title 20; Title 29; Title 39; Title 45; Title 47; Title 48; Title 58; Title 65; Title 67 and Title 68.

This bill requires each for-profit corporation conducting business in this state that employs more than 500 employees, regardless of the corporation's domicile, to file a report no later than December 31, 2021 and for every odd-numbered year thereafter identifying the amount of money contributed or donated to a state or local governmental entity or official for the purpose of facilitating or conducting state or local elections in this state. The report must be filed with the governor, the secretary of state, and the speakers of the house and the senate. Under this bill, the fair market value of in-kind contributions must be counted toward the total amount contributed, calculated at the time of contribution. This bill exempts a corporation from filing the report when the corporation does not contribute or donate, in the aggregate for the biennium, more than $1 million; provided, that donations and contributions of subsidiary corporations in which the parent for-profit corporation has a controlling interest must be counted toward the amount contributed by the parent for-profit corporation during biennium.